MPAA freeze set to 'squeeze more basic rate tax payers'

Holly Roach
clock • 1 min read

The freeze in the money purchase annual allowance (MPAA) is set to “squeeze many more basic rate taxpayers”, according to Just Group.

The firm revealed the MPAA freeze at £4,000, along with changes to tax thresholds, will increase the number of basic rate taxpayers aged 55 and above who have taken a taxable payment from a defined...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

View profile
More from Holly Roach

Smart Pension hits £6bn in assets under management

NatWest to transfer £11bn of pension assets to purchase buy-ins with Rothesay

More on Industry

Smart Pension hits £6bn in assets under management
Industry

Smart Pension hits £6bn in assets under management

Provider said growth largely due to new business wins and consolidation

Holly Roach
Holly Roach
clock 06 November 2024 • 1 min read
NatWest to transfer £11bn of pension assets to purchase buy-ins with Rothesay
Industry

NatWest to transfer £11bn of pension assets to purchase buy-ins with Rothesay

Trustees are reportedly set to transfer a third of scheme assets to purchase buy-in policy

Holly Roach
Holly Roach
clock 06 November 2024 • 2 min read
Badenoch reveals full shadow cabinet appointments
Industry

Badenoch reveals full shadow cabinet appointments

Mel Stride becomes shadow chancellor and Helen Whately becomes shadow work and pensions secretary

Linus Uhlig and PP staff
clock 05 November 2024 • 1 min read
Trustpilot